15, THE GABLES, COTTAM, PRESTON, PR4 0LG - £225,000

Based on the August 2024 Price Paid Data (released on 27th September 2024), the July 2024 House Price Index (released on 18th September 2024), and the August 2024 Energy Performance of Buildings Data (released on 3rd October 2024). Sources

15 THE GABLES is a very small extended detached house of 86m², built sometime between 1991 and 1995. It was last sold for £225,000 in March 2021, which was around 10% below the average March 2021 detached price in the Preston local authority area. The most recent EPC inspection was July 2011, where the current energy rating was D, and the potential energy rating was C.

15 THE GABLES Sold Prices

Land registry data shows four sales for 15 THE GABLES since 1^st January 1995. The below table shows the price paid for the four sales, along with the average detached price in the Preston local authority area for the corresponding sale date. All of the four 15 THE GABLES sales were for below the average price. The average price is sourced from the Office for National Statistics' House Price Index (HPI).

Date	Price	HPI Price	Variation from HPI
2021 5 MAR	£225,000	£251,085	10% below HPI
2016 6 MAY	£190,000	£222,898	15% below HPI
2012 28 MAY	£172,000	£209,520	18% below HPI
2002 26 JUL	£100,000	£119,920	17% below HPI

15 THE GABLES Price Paid vs. HPI Average

The below graph shows the average detached house price in the Preston local authority area over time, sourced from the HPI. The four 15 THE GABLES sales between July 2002 and March 2021 have been plotted on the graph. A line has been extrapolated to show what the value of the property might have been over time, following each sale, had it maintained the same margin above or below the HPI (as a percentage). For example, the May 2016 sale was for 15% below the HPI. So the extrapolation line tracks at 15% below the HPI over time, until the March 2021 sale, where it rises to 10% below the HPI. The line then continues to track at 10% below the HPI.

How Large is 15 THE GABLES?

15 THE GABLES is 86m², which includes two extensions, according to the EPC inspection conducted in July 2011. This puts it in the smallest 10% of detached houses in Cottam, based on EPC data. The below chart shows the distribution of detached houses by size in Cottam, and where 15 THE GABLES lies on this distribution: 6% of detached houses are smaller than 15 THE GABLES, and 94% of houses are larger. Note that EPC data is not available for all properties in Cottam.

15 THE GABLES: Plot and Title Map

15 THE GABLES sits on a plot of roughly 0.070 of an acre, or 285m². The below map shows the location of 15 THE GABLES, an approximate outline of the building(s), and the indicative extent of the property. The plot extent is a Land Registry INSPIRE Index Polygon, and it is important to note that a title may include more than one polygon, whereas only one polygon is shown on the map (the polygon which intersects with the position of 15 THE GABLES). The full extent of the land contained in any registered title can only be identified from the individual title plan. The maps on this page should not be relied upon to establish the extent of a title.

Where is 15 THE GABLES?

15 THE GABLES is located in COTTAM, in the PR4 postcode district. The below map shows the position of No. 15 on THE GABLES.